Ducommun Incorporated (DCO) Shares Sold by Federated Investors Inc. PA
Federated Investors Inc. PA cut its stake in Ducommun Incorporated (NYSE:DCO) by 17.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,626 shares of the aerospace company’s stock after selling 10,833 shares during the period. Federated Investors Inc. PA owned approximately 0.44% of Ducommun worth $1,567,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Ducommun by 7.0% in the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock valued at $12,712,000 after buying an additional 29,007 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares in the last quarter. Royce & Associates LP increased its holdings in Ducommun by 5.7% in the first quarter. Royce & Associates LP now owns 141,813 shares of the aerospace company’s stock valued at $4,083,000 after buying an additional 7,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ducommun by 11.2% in the first quarter. Geode Capital Management LLC now owns 82,291 shares of the aerospace company’s stock valued at $2,369,000 after buying an additional 8,289 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Ducommun by 2.6% in the first quarter. Wellington Management Group LLP now owns 79,861 shares of the aerospace company’s stock valued at $2,299,000 after buying an additional 2,000 shares in the last quarter. 81.16% of the stock is owned by institutional investors.
In related news, Director Anthony J. Reardon sold 3,701 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.68, for a total value of $102,443.68. Following the sale, the director now directly owns 123,523 shares in the company, valued at approximately $3,419,116.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony J. Reardon sold 1,996 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $27.65, for a total transaction of $55,189.40. Following the completion of the sale, the director now owns 117,602 shares in the company, valued at $3,251,695.30. The disclosure for this sale can be found here. Insiders sold a total of 24,223 shares of company stock worth $704,150 over the last quarter. Insiders own 8.20% of the company’s stock.
Ducommun Incorporated (DCO) opened at 29.13 on Wednesday. Ducommun Incorporated has a 52 week low of $18.70 and a 52 week high of $35.58. The stock has a market capitalization of $329.72 million, a PE ratio of 24.23 and a beta of 0.80. The stock’s 50 day moving average is $28.52 and its 200-day moving average is $30.20.
Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business had revenue of $140.90 million for the quarter, compared to the consensus estimate of $138.39 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Ducommun Incorporated will post $1.32 EPS for the current year.
A number of brokerages have issued reports on DCO. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a report on Saturday, May 20th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Friday, August 4th. B. Riley reissued a “buy” rating and set a $40.00 price objective on shares of Ducommun in a research note on Tuesday, August 1st. Canaccord Genuity raised their price objective on shares of Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.25.
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Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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